Banks shares plunge as new budget includes no effective proposal
Beximco Limited secured the apex position on the DSE turnover chart followed by Ifad Autos and Rupali Insurance
The bank sector has reported a sharp fall during the first trading hour of the Dhaka Stock Exchange (DSE) on Sunday as there has been no positive proposal mentioned in the proposed budget for FY2021-22.
The manufacturing and service sectors, however, saw price hikes since the finance minister proposed various reductions on corporate tax and import duty in the FY2021-22 budget.
DSEX, the key index of the Dhaka Stock Exchange (DSE), rose by 0.20% to 6,065 points till 11 am.
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Meanwhile, DSE had 198 gainers against 123 losers, while prices of 36 scrips remained unchanged.
DSE turnover jumped by 42% to Tk852.46 crore as investors kept on buying shares of manufacturing sectors in the corresponding period.
Beximco Limited secured the apex position on the DSE turnover chart followed by Ifad Autos and Rupali Insurance.
Simtax, Fortune Shoe and Dhaka Insurance shares touched the circuit breaker upper limit of 10%.
The benchmark index CASPI at the Chittagong Stock Exchange (CSE) has dropped 16 points to 17,527 till 11 am.
